World Business Lenders Logo

World Business Lenders

Is This Your Business?
star_border star_border star_border star_border star_border
0 User Reviews
LAST UPDATED: March 18th, 2021

World Business Lenders (WBL) is a New Jersey-based direct lender specializing in real estate-secured business loans. The company was founded in 2011 by Doug Naidus, the current CEO. All employees are guided by a strict code of business conduct and ethics in their interactions with customers and business partners. 

WBL provides capital to small- to medium-sized businesses that can't get traditional funding. The company aims to make dreams a reality for passionate, goal-oriented entrepreneurs by unlocking equity in their real estate. 

Top Ranked Companies

thumb_up

The Good

  • Fast Funding
  • Loan Types

Fast Funding

World Business Lenders funds are deposited into your business checking account as soon as the next business day after approval. This is incredibly fast compared to the several weeks it can take to get approved for and financed with an SBA loan or traditional business loan through a bank. 

Loan Types

WBL’s corporate website displays case studies of past clients’ loan types and amounts, showing that it can work with a wide range of financing needs. 

This includes consolidating business loans already in effect. One client was funded $250,000 to consolidate seven open Merchant Cash Account balances. Another client qualified for $150,000 to pay off prior lenders’ open cash advances requiring daily payments. 

WBL financed a client with $600,000 to replenish needed business capital and provided bridge financing to another, enabling them to complete a contract. 

Keep in mind that loans are subject to each lender’s eligibility requirements, proper documentation, underwriting guidelines, terms and conditions, and final approval.

thumb_down

The Bad

  • Lack of Information 

Lack of Information 

While World Business Lenders shares case studies, it makes few general statements regarding a complete list of financial services and the eligibility requirements of those services. This may be especially problematic for first-time borrowers since most business lenders inform prospective borrowers of their application, approval, and loan disbursement process upfront. 

Prospective borrowers are left in the dark regarding APR estimates, loan amount limits, minimum personal credit score and collateral required, and the amount of time in business. 

For more information, you need to submit your contact information, including your name, email, and phone number.

gavel

The Bottom Line

World Business Lenders seems to be a trustworthy company from which to obtain business financing, but WBL is not particularly forthcoming with details about its financing options and requirements. You'll need to contact the company directly for all of the details.

However, for all case studies on its website, companies receiving funding were making at least $50,000 revenue per month and had been in business for at least three years, so if your business meets that description, you likely have a chance of getting funding from World Business Lenders. 

One other thing to note: with no World Business Lenders reviews from actual customers, we can only provide conjecture as to the overall borrowing experience from this business lender. For that reason, we recommend researching other alternative lenders or even a traditional lender with a stronger and better small business financing online reputation. 

View Best Business Loan Companies

Was this content helpful?
thumb_up Yes thumb_down No

Star Rating

0.0

star_border star_border star_border star_border star_border

0 Reviews

Review Breakdown

5 grade

0%

4 grade

0%

3 grade

0%

2 grade

0%

1 grade

0%

Sentiment Criteria

Value

star_border star_border star_border star_border star_border

Quality

star_border star_border star_border star_border star_border

Service

star_border star_border star_border star_border star_border

Trustworthiness

star_border star_border star_border star_border star_border
Be the first to leave a review.